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부동산 시장 동향, Uncategorized

In South Fla., There’s a Buyer’s Market – for Condos

Greater Downtown Miami has more than 30 months of condo supply and 100 months of luxury units, according to an MLS data analysis by Condo Vultures Realty.

 

MIAMI – According to an analysis of MLS data by Condo Vultures Realty, Greater Downtown Miami has more than 30 months of condo supply and 100 months of supply of luxury units. Most economists consider a six-month supply to be balanced between buyers and sellers, with few months indicating a sellers’ market and months higher than six representing a buyer’s market.

Both downtown condo figures are based on sales during the first six months of the year in the area between Edgewater and Brickell, east of I-95, and generally do not include preconstruction sales. The roughly 30 months of supply of all condos in the area is based on 711 sales that closed between January and June, for an average of about 119 sales per month.

As of Aug. 18, there were 3,579 condo listings in Greater Downtown Miami asking an average price of about $758,000; the average closing price for the first half of the year was $511,000.

In the luxury market, only 36 units asking at least $1 million were sold between January and June, for an average of just six units sold a month. Currently, about 600 luxury condos are on the market, asking an average price of $2.05 million, and 26 luxury condo sales are pending.

The single-family home market has continued to flourish during the pandemic, though sales are concentrated in the high-end.

Analysts say shadow rental inventory is also growing – homes not actively marketed. There are nearly six months of supply of shadow rental units listed on the MLS, based on an average of 541 leases signed in the first six months of this year. During that six-month period, a total of 3,245 leases were signed in Greater Downtown Miami, and about 3,167 units are currently on the market for rent as of this week.

One analyst predicts that investors will continue to sell their condos at deep discounts.

Source: The Real Deal (08/21/20) Kallergis, Katherine

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About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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